Yesterday, we wrote about philanthropy’s major role in the Obama administration’s bid to regulate greenhouse gases from coal-fired power plants through executive action. Well, here’s a similar story: As the administration unveils a tougher rule for overtime pay this week, foundations can justly claim some of the credit.

This has been a great month for the president, as many commentators have noted, but it’s also been a good one for progressive funders who seen several longstanding investments pay off.